NEW YORK--(BUSINESS WIRE)--Berkadia, an industry-leading commercial real estate company, today announced the hiring of Scott Melnick to its multifamily investment sales team as senior managing director. He will be based in the Bethesda, Maryland office and report to Head of Investment Sales Keith Misner, effective immediately. Melnick brings 30 years of experience in the commercial real estate industry to Berkadia, where he will be responsible for expanding the company's national multifamily investment sales platform in the mid-Atlantic region.
Berkadia's Bethesda, Maryland office will now offer both investment sales and mortgage banking services.
"Scott is one of the most highly regarded professionals in the multifamily investment sales and brokerage industry," said Misner. "His addition immediately strengthens our footprint in the Washington, D.C. metro area, where we can provide clients with a full suite of integrated mortgage banking, servicing and investment sales services."
Most recently, Melnick served as managing director of Jones Lang LaSalle’s Mid-Atlantic Multifamily Group for nearly six years, where he led a team specialized in providing transaction-related investment services to multifamily industry clients in the region. Previously, he was a managing principal of Transwestern's Institutional Multifamily Group for nearly 11 years. Melnick has been involved in over $5 billion in transactions over the last five years and more than $11 billion in his career.
"I'm excited to join the Berkadia team and help grow its investment sales capabilities in the dynamic mid-Atlantic region, where I've spent my entire career," added Melnick.
Melnick earned a Master of Business Administration degree in Finance from New York University and Bachelor of Arts degree in Economics from Ithaca College. He is currently a board member of the National Multifamily Housing Council and member of the Urban Land Institute. Of note, he has been recognized consistently by the Greater Washington Commercial Association of Realtors as one of the top producing multifamily brokers in the Washington, D.C. metro area for each of the past 16 years.
About Berkadia®:
Berkadia, a joint venture of Berkshire Hathaway and Leucadia National Corporation, is an industry-leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia is among the largest, highest rated and most respected primary, master and special servicers in the industry.
As a Freddie Mac Program Plus(r) lender, Fannie Mae DUS(r) Multifamily Seller/Servicer, insurance company correspondent, and HUD, MAP and LEAN originator and servicer, Berkadia provides access to capital and flexible, customized lending and servicing solutions for the acquisition, construction, rehabilitation and refinance of multifamily and commercial properties. Berkadia also provides interim and short-term financing through its Proprietary Bridge Lending Program. To learn more about Berkadia, please visit www.berkadia.com.
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